> ## Documentation Index
> Fetch the complete documentation index at: https://docs.hyperpad.fun/llms.txt
> Use this file to discover all available pages before exploring further.

# Liquidity & fees

> A locked V3 pool you can't rug, a fee stream you keep, and who charges what.

Every EVM-rail launch graduates into a **locked HyperSwap V3 pool**. The principal is locked; the
trading fees are yours to claim.

## What you set

| Field            | Meaning                                                                     | Default             |
| ---------------- | --------------------------------------------------------------------------- | ------------------- |
| `lpBps`          | % of the raise (after platform fee) routed to the LP's quote side           | 60%                 |
| `lpTokensAmount` | Sale tokens paired on the LP's token side                                   | auto-suggested      |
| `lpLockDuration` | How long the LP stays locked — **effective = max(yours, platform minimum)** | 180 days            |
| `firstBuyBps`    | A tiny seed buy at pool creation to set the opening price                   | your choice (0–50%) |

<Note>
  The pool is **always on and always V3** in the app — there's no "no liquidity" option. Beyond
  `firstBuyBps`, the V3 tuning (1% fee tier, full-range ticks, price-guard, slippage) is fixed by the
  platform so a project can't mis-configure the pool into a bad launch.
</Note>

## Locked principal, claimable fees

<CardGroup cols={2}>
  <Card title="Principal — locked" icon="lock">
    The LP position is locked for your lock duration and can't be withdrawn early. You can lock for
    **longer** than the platform minimum, never shorter. After it expires, the position is released.
  </Card>

  <Card title="Fees — yours, anytime" icon="coins">
    Every swap accrues fees to the position. Claim them whenever you like via **Claim LP fees** in the
    app. It's an ongoing revenue stream, not a one-time raise.
  </Card>
</CardGroup>

LP fees are split between you and the platform (the platform's share defaults to 50%). See
[Liquidity & fees](/evm/lp-and-fees) in the guides for the buyer-facing version.

## The fees, in full

Every fee lever is **platform-owned** — projects pay them but don't set them. Knowing the ceilings:

| Fee          | Cap           | Who pays       | From          |
| ------------ | ------------- | -------------- | ------------- |
| Creation fee | flat (native) | you, at launch | your wallet   |
| Platform fee | **≤ 10%**     | you, at settle | the raise     |
| LP fee share | default 50%   | shared         | LP swap fees  |
| Referral fee | **≤ 10%**     | you            | your proceeds |

## Referrals (platform-set)

The platform can enable a **referral reward** — a % of referred volume paid to whoever brought a
buyer in. It's funded from **your proceeds** (treat it as a marketing cost), reserved at settlement,
and clamped so it never eats the platform fee, the LP, or buyer claims. Referrers claim their cut
after a successful settle. It's a global platform setting, not something you configure per launch.